Yankees Sign Eladio Moronta

Baseball America's Ben Badler is reporting that Dominican outfielder Eladio Moronta signed today with New York. The signing concludes a hectic seven-month period for Moronta, 20, who was given a one-year suspension by Major League Baseball last May for misrepresenting his age as 17 years old. Moronta's suspension was lifted at the end of September.

The deal is reported to worth $570K according to Baseball Prospectus' Kiley McDaniel (via Twitter). In other tweets on the subject, McDaniel said that Moronta has been compared to Raul Mondesi by scouts and could have commanded a seven-figure contract when the international signing period opened last July 2 had he been eligible to be signed.